Popular gasoline myths

April 30, 2015

Haraz N. Ghanbari/Associated Press

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Politicians can directly impact gasoline prices: This has been one of the more debated misconceptions. Crude oil prices make up the bulk of gasoline prices, and crude oil prices are set by the global market. Politicians can impact gasoline prices indirectly, but there is little direct impact they can have.

Haraz N. Ghanbari/Associated Press

1of9

Politicians can directly impact gasoline prices: This has been one of the more debated misconceptions. Crude oil prices make up the bulk of gasoline prices, and crude oil prices are set by the global market. Politicians can impact gasoline prices indirectly, but there is little direct impact they can have.